The fumed silica protects the material form corrosion which is increasing its use in the various end-use industries.The global fumed silica marketcan be segmented on the basis of grade and end-use. On the basis of grade, it is sub-segmented into hydrophilic fumed silica and hydrophobic fumed silica. Hydrophobic fumed silica is anticipated to lead the grade segment of the global fumed silica market on the account of increasing application in different end use industries. On the basis of end-use, it is sub-segmented into food & beverages, adhesives & sealants, paints & coatings, pharmaceuticals, personal care, greases & lubricants. Paints and coating sub-segment is expected to lead the end-use segment. The increasing use of the fumed silica for industrial and commercial purpose is the major reason for the sub-segment to lead the end-use segment. The chemical properties of fumed silica prevent the formation of rust and corrosion.
The global fumed silica market is anticipated to expand at a CAGR around 6% 2018-2027. It is projected to reach significant market size by 2027. The growing expansion of various end-use industries across the globe coupled with increasing awareness related to fumed silica is expected to boost the market growth of the global fumed silica marketover the forecast period.
By region, global Fumed Silica Marketis segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. Asia-Pacific is anticipated to lead the global fumed silica market during the predicted period. The increasing industrialization in the region is expected to boost the growth of various end-use industries such as automotive, paint & coatings, construction, healthcare. North America is expected to follow Asia-Pacific region in the global fumed silica market. The presence of various key market players in the region coupled with the increasing acquisition is anticipated to be the primary reason for the region to expand at a substantial rate during the forecast period. Additionally, the presence of the highly developed industrial infrastructure in region is also anticipated to upsurge the demand for the fumed silica.
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Rising industrialization is anticipated to increase the application of fumed silica in various end-use industries
The increasing industrialization across the globe is anticipated to expand several end-use industries .This indirectly drives the fumed silica market worldwide. The increasing construction activities across the globe are anticipated to increase the demand for the fumed silica. The distinct property of the fumed silica such as water repellant and small size enables itsusein commercial and residential sector. Additionally,the increasingapplication of paints for coating purpose is also anticipated to fuel the market growth of fumed silica throughout the forecast period.
The report titled “Fumed Silica Market: Global Demand Analysis & Opportunity Outlook 2027” delivers the detailed overview of the global fumed silica market in terms of market segmentation by grade, by end-use and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model. This report also provides the existing competitive scenario of some of the key players of the global fumed silica market which includes company profiling of key companies such as Bayer AG, DuPont, Cabot Corporation, Evonik Industries AG, , Akzo Nobel N.V., SOLVAY, Wacker Chemie AG, Tokuyama Corporation, PPG Industries Inc.,Ceradyne Incorporated, DA NanoMaterials., Fuji Silysia Chemical Limited, Xinjiang TBEA Silicon Industry Co Ltd, Jilin Shuangji Chemical New Material Co Ltd, Zhejiang Wynca Chemical Industry Group Co Ltd .,Shandong Ruiyang Silicon Industry Technology Co Ltd.
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The outlining enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global fumed silica market that is expected to help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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